Keeping possession of real property without a right, such as after a lease has expired or after the real property has be sold by the possessor, may entitle the owner to file a lawsuit for "unlawful detainer," asking for possession by court order, unpaid rent and damages. This form is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a notice in a particular jurisdiction.
North Carolina Complaint or Petition by Purchaser Against Possessor of Real Property After a Foreclosure Sale Pursuant to a Deed of Trust
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How to fill out Complaint Or Petition By Purchaser Against Possessor Of Real Property After A Foreclosure Sale Pursuant To A Deed Of Trust?
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FAQ
A foreclosure sale can be finalized at the conclusion of the ?upset bid period.? Once the foreclosure sale is conducted, there is a 10-day period in which other bidders may place a higher bid, or ?upset bid,? for the real property.
Ten year The statute applies the ten year period tothe foreclosure of a mortgage, or deed in trust for creditors with a power of sale,of real property, where the mortgagor or grantor has been in possession of the property, within ten years after the forfeiture of the mortgage, or after the power of sale became absolute, or ... Analyses of Section 1-47 - Ten years, N.C. Gen. Stat. § 1-47 | Casetext casetext.com ? section-1-47-ten-years ? analysis casetext.com ? section-1-47-ten-years ? analysis
After the 10-day upset bid period expires and the home is transferred, the new owner has the right to evict you from the property after giving you proper notice and time. The Sheriff will typically post a notice on the property and evict within 20-30 days after the deed to the home transfers. Foreclosure in North Carolina: What to Expect JC White Law Group ? foreclosure-in-north-carolina-... JC White Law Group ? foreclosure-in-north-carolina-...
(a) Except as provided in subsection (b), no person shall exercise any power of sale contained in any mortgage or deed of trust, or provided by statute, when an action to foreclose the mortgage or deed of trust, is barred by the statute of limitations.
Foreclosures may remain on your credit report for seven years, but maintaining payments on your other credit accounts during those seven years will help balance out the negative entry. Make sure you pay your bills on time, in full and consider applying for a credit card that can help you bounce back. How Long Does Foreclosure Stay on your Credit Report? - CNBC cnbc.com ? select ? how-long-does-foreclos... cnbc.com ? select ? how-long-does-foreclos...
Ten days Redeeming the House While many states say that sales are final, you are given a short period in which you can redeem your home under North Carolina law. This period lasts for just ten days after the home is sold. Foreclosure Laws in North Carolina - LawInfo.com lawinfo.com ? resources ? north-carolina lawinfo.com ? resources ? north-carolina